German DAX lower on employment data

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Source: Dukascopy Bank
German DAX index pared morning gains after data showed nation's unemployment level unexpectedly increased by 19 000 people in April, marking the first increase in six months. Moreover other report showed Euro Zone jobless rate jumped to all time record 10.9% in March while manufacturing declined. Financials led the decline with Commerzbank dropping 2.4% and Deutsche Bank falling 2%. At the moment of writing DAX 30 trades 0.55% or 37 points down at 6,723.86.  

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Wed, 02 May 2012 14:11:42 GMT

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